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Renewed Hope : Senate backs Umahi’s initiative on tax credit scheme of the Federal Ministry of Works, with the aim of bridging the gap in financing road infrastructure

In keeping with his commitment to the tenets of checks and balances and separation of powers emphasized by the Renewed Hope administration of the President of Nigeria,*His Excellency, President Asiwaju Bola Ahmed Tinubu GCFR* the Honourable Minister of Works, *His Excellency Sen Engr Nweze David Umahi CON* led the critical departments of his Ministry to honour the invitation of the Senate Commitee on Finance on an interactive session in respect of the funding of critical roads, NNPCL Funding and Infrastructure Development and Refurbishment Investment Tax Credit Scheme held at the Conference Room of the Senate on 22nd February 2024.
As part of the powers of oversight by the National Assembly, the Senate Commitee on Finance ably chaired by Distinguished Senator Mohammed Sani Musa, CON invited the Federal Ministry of Works to ascertain the level of performance of the funding of the road projects captured under the Tax Credit Scheme, the rationale behind the creation of the Federal Government’s Executive Order No. 007 of 2019 passed by the past administration and the constitutionality of the Executive Order, having regard to section 80 of the 1999 constitution of the Federal Republic of Nigeria as amended. As part of his remarks, the Senate Committee Chairman said, “We need to know the beneficiaries of that tax credit and the essence of the job that they have done today. Having said that, going also by what you said, funds should all come to the Federation account. Appropriation is a different thing. Road is not the only problem we have in this country. We equally have challenges with health and others. So when this money comes into the pool, the federation account, we can now appropriate accordingly”
The subject of discussion, as it where, provoked different points of conversations by the Distinguished Committee members, after which the Hon. Minister of Works was given the floor to address the concerns raised by the committee members. He gave an overview of the structure and the status of the Tax Credit Scheme as well as the philosophy behind the creation of the Executive Order, which, according to the Honourable Minister, was a product of the decision by the National Economic Council under the past administration, designed to fill the funding gap in the road infrastructure development through fronting loading of Tax by the private sector to fund eligible road projects. According to the Hon. Minister, this scheme would incentivise the private sector to participate in the efficient and effective development of roads across their economic corridors and industrial clusters, which provide value for money. The programme, which has so far attracted funding for about 85 highway projects, is receiving funding from Dangote Industries, Nigerian Liquified Natural Gas Ltd (NLNG), Nigeria National Petroleum Petroleum Corporation Ltd (NNPCL),MTN Nigeria Telecommunications Ltd. He also spoke on the Ministry’s efforts in scopping the projects and making sure that design complies with the word’s best standards. He added that aggressive supervision was helping in ensuring quality project delivery across the nation.
The Minister gave an example of Benin- Warri road being done under the Credit Scheme and explained the innovations introduced by the Ministry under him to bring enduring solutions to the road failures. He said. “Then we now have from Benin to Warri. That’s where some of the projects are listed. If you look at the documents we submitted, you will see that we analyzed the project zone by zone. And so we also looked at the nature of the roads from Benin to Wari. It’s also a very terrible situation. So we began to fight with the contractors, and I said there is no amount of asphalt you use on this road that will stand. So what we did was to excavate all the soil up to 1 meter depth, fill back with 500cm lumps, fill back with 400cm sand. And then now go back to fill with stone base, allow it for traffic to be on it. After 30 days, then you put an additional 10cm stone base. That is 55% cement. And then you have to use concrete.
He also said that the Presidential Infrastructure Development Fund ( PIDF) was established for other strategic and critical projects that are capable of carrying Average Daily Trafick of 10,000 vehicles per day, including Abuja- Kaduna-Zaria-Kano highway. According to the Honourable Minister, ” Mr. President has just approved that the critical projects under PIDF be funded. I’m still pushing for the release of money based on Mr. President’s directive, and that is for Abuja-Kaduna,-Zaria-Kano Highway, it is very key and very important to Mr. President. But I have an issue with Julius Berger Nigeria Plc and I’ve just set up a committee to go and jointly review the project because they are asking for N1.5 trillion for that 375-kilometer dualized road. And for me, it is not justifiable.”
The Distinguished Senators were generally happy with the explanations given by the Hon. Minister of Works on the importance of the Tax Credit Scheme and the Presidential Infrastructure Development Fund, the funding performance so far and why it may not come as an appropriation, being that the funds are still the money in the hands of the private sector front loaded for some years in the future.
The Senators spoke in turns starting from the former Chairman Senate on Works, *His Excellency Senator Mohammed A. Aliero*, who spoke in defence of the Tax Credit Scheme: “It (the Tax Credit Scheme) came because of the infrastructure deficit we have in the country, which budgetary provision can not be enough to meet it. If we continue budgeting the way we are budgeting, believe me, it will take us 30 to 40 years before we can complete road rehabilitation and other repairs. The only way we can do it is to look for extra funding. And to the best of my knowledge, the State Governors were fully involved in this tax related scheme. There was a meeting between the President and the Governors. The President told them that we have a very serious infrastructural deficit in the country, and the only way we can attend to it is to use tax credit. And they all agreed, ”
The Chairman of the Senate Committee on Finance, in his concluding remarks, said, “My conclusion is that the committee will look at all that we have just heard from you ( the Hon. Minister) and make our decisions. But based on what we have heard from you, we are convinced that the Tax Credit policy of the Federal Government is a welcome initiative, which is worthwhile and we believe that every exigency has a purpose for which that period needs. And that is what called for the Presidential Order. And what we will appeal to both NNPC, Federal Ministry of Works, and the contractors are to make sure that those projects are completed”
With this wonderful executive- legislature understanding and reciprocity in tackling the economic challenges facing the country, one can be sure that the administration of Mr. President is on the steady part of binging economic prosperity to our country.
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Catholic Bishops Conference : Let us build prosperity together and promoting interfaith harmony, Tinubu urges church leaders

President Bola Ahmed Tinubu has urged faith leaders to join hands with him to build a strong economy in which the people will prosper.
He also urged them to remain steadfast in promoting interfaith harmony and denouncing violence.
He pledged to partner them and their institutions to tackle poverty, unemployment and inequality.
Tinubu spoke at the opening of the Second Plenary Meeting of the Catholic Bishops Conference of Nigeria (CBCN) in Ikot Ekpene, Akwa Ibom State, yesterday. He said his request to the religious leaders was hinged on the fact that faith-based organisations are “a vital bridge for peace, unity and moral renewal in the country.”
‘’Our efforts in tackling insecurity, expanding social investment programmes, strengthening agriculture and revitalising infrastructure are geared towards creating an enabling environment for Nigerians to live in peace and fulfill their potential.
“I reassure you that the Federal Government will deepen collaboration with the Catholic Church and other faith-based Organisations in key sectors as education, healthcare, social welfare and skills development.
‘’Together, we can tackle poverty, reduce inequality and build stronger communities,” the President said.
He was represented at the event by Secretary to the Government of the Federation (SGF), George Akume.
Senate President, Godswill Akpabio, and Akwa Ibom State Governor, Umo Eno, attended the event, which was witnessed by the representative of Pope Leo XIV, Apostolic Nuncio Most Rev. Michael Francis Crotty, and some members of the National Assembly.
Tinubu told the bishops that genuine reconciliation and national cohesion can only be achieved when spiritual leaders preach peace, discourage extremism, hatred, and divisive tendencies.
He challenged them ‘’to continue speaking truth to power, not only to government but to society.’’
Read Also: Be patient with Tinubu’s reforms, prosperity will come — Akpabio tells Nigerians
Tinubu, in a statement by Akume’s Special Adviser on Media and Publicity, Yomi Odunuga, reminded the clerics that while ‘’speaking truth to power,’’ they should ‘’offer constructive solutions that will help us build a nation where integrity, hard work and compassion are hallmarks of public and private life.”
He lauded the Catholic Bishops and other clerics across denominations for championing dialogue and tolerance in a diverse nation like Nigeria.
“The Catholic Church has been a credible partner in the journey towards national renewal. Your investments in education, health and social welfare—often in remote and underserved communities—speak louder than words. You have stood with the people in times of hardship, provided comfort in times of grief and raised your voice against injustice and corruption,” Tinubu said.
The President assured them that his administration is committed to addressing insecurity and social unrest, including poverty, unemployment and inequality.
He cited removal of fuel subsidy, unification of exchange rates and efforts to curb leakages in public finances as steps toward stabilising the economy and laying a foundation for long-term prosperity.
These policies, though demanding sacrifices in the short term, Tinubu noted, are necessary to put the nation back on the path of growth and long-term prosperity.
The President emphasised that beyond stabilisation, his government is working to attract local and foreign investments by creating an enabling environment for businesses to thrive.
He highlighted reforms in key sectors, such as agriculture, energy, and infrastructure, which are expected to stimulate job creation, boost productivity, and expand opportunities for young Nigerians.
Tinubu said while the results may not be immediate, the reforms are structured to deliver enduring benefits that will uplift lives and secure a brighter economic future for the nation.
He said: “This administration came into office with a firm commitment to renew hope, strengthen our democratic institutions and build a Nigeria that works for all. We have taken steps to stabilise the economy, attract investment and implement reforms that will, in due course, yield enduring benefits for our people.
‘’We recognise that good governance is not just about economic growth, it is about justice, fairness, transparency, accountability and the dignity of every Nigerian.
“It’s also about ensuring that no one is left behind – whether in urban centres or rural communities, whether majority or minority, whether rich or poor.
Tinubu called on religious leaders to complement the government’s initiatives by nurturing honesty, hard work, and compassion in their communities.
He urged the church to continue offering guidance in civic education, environmental protection and youth empowerment.
The President further urged the church to collaborate with the government in advancing civic education, protecting the environment, and empowering young people, so future generations will gain not only academic knowledge but also values needed to uphold the moral fabric of society.
Akpabio urges patience
Akpabio urged Nigerians to be patient with the Tinubu administration’s reforms, as they will soon yield results.
“Let me urge my compatriots to be patient with your government as we lay again the foundations of this house. Do not despair when the winds blow strong or the scaffolding shakes,’’ Akpabio said in a statement by his Special Assistant on Media/Communication, Anietie Ekong.
He said it was important for people to note that a country is like a cathedral that cannot be built in a short space of time
“A nation is like a mighty cathedral — it is not raised overnight, but stone by stone, prayer by prayer, hand by hand – They that wait upon the Lord shall renew their strength; they shall mount up with wings as Eagles (Isaiah 40:31), he said.
“Let us renew hope in the Nigerian enterprise. Let us believe again that our land can be great, that our children can inherit a future brighter than our present.
“Let us bind the wounds of division, banish the cynicism of despair, and walk together—Church and State, pulpit and parliament, faith and policy—towards the dawn.
“Transformation is not the burden of one arm of society, or the privilege of a select few. It is a covenant of partnership. As St. Paul declares: ‘We are co-workers in God’s service; you are God’s field, God’s building.’”
Governor Eno noted that the Catholic Church has played key roles all over the world in fighting injustice, enthroning democratic governance and placing the welfare of the people at the centre of its policies.
Eno called for continued support of the Church in delivering dividends of democracy to the people.
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Update : No going back on free fuel distribution, says Dangote

‘We offer cheaper fuel despite importing 60% of crude’
Recent attacks against Dangote Petroleum Refinery from some associations in the oil and gas industry were orchestrated to derail the planned free fuel distribution logistics initiative, the management of Dangote Refinery said last night.
It however foreclosed backtracking on the initiative, adding that the attacks lack genuine and patriotic concerns.
In a statement last night, the Refinery said the position of National Union of Petroleum and Natural Gas Workers (NUPENG) and Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) lacks legitimacy and has nothing to do unionisation as being claimed.
“Their position”, according to the statement , “have made it abundantly clear that the actions and threats issued by them is not borne out of legitimate concerns about unionisation, but a calculated campaign of economic sabotage that is orchestrated by vested interests who perceive progress as a threat to their entrenched positions.”
Reacting to a press statement by DAPPMAN, which was published, in some newspapers at the weekend, Dangote Refinery accused the association of misleading Nigerians, noting that their claims were contradicted by established facts.
The statement by Dangote Refinery reads: “In January 2022, the Nigerian National Petroleum Company (NNPC) reported that one of DAPPMAN’s members had supplied petrol containing over 15% methanol, well above acceptable limits (Methanol which is not a standard industry practice or procedure for refinery, but blenders use it to prompt up the octane rating to an acceptable level that is well above anti-knocking ratio).
“The result was widespread engine damage for thousands of end users. Yet, no transparent government inquiry or independent investigation was ever conducted to determine the source, intent, or full impact of the adulterated fuel.”
The refinery also described as incorrect, the claim that the price of petrol in Togo is lower than in Nigeria. It revealed that the average pump price in Lomé stands at approximately 680 CFA francs per litre, equivalent to N1, 826.
“This figure reflects the very scenario that DAPPMAN and its affiliates appear to advocate for in Nigeria. The Dangote Refinery has positioned Nigeria as a primary source of affordable petrol feedstock for West Africa, despite the refinery importing over 60% of the crude oil it processes. Remarkably, the refinery is able to offer petrol at prices below the international benchmark within the sub-Saharan region.
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$4.2 million in COVID-19 fraud : Dethronement of US-jailed Oba Joseph Oloyede imminent as Adeleke calls development ‘ugly’

• We await directives of govt — Kingmakers
• Adeleke’s intervention will douse tension — Ruling house
The dethronement of Apetu of Ipetumodu, Oba Joseph Oloyede, who was recently jailed in the United States of America (USA) by District Judge Christopher Boyko over $4.2 million in COVID-19 fraud, is imminent as Governor Ademola Adeleke described the development as ‘ugly’.
Oba Oloyede, who was arrested in May 2024 was later jailed alongside Pastor Edward Oluwasanmi in August 2025, causing ripples in his community, Ipetumodu, the headquarters of Ife North Local Government Area of Osun State.
It will be recalled that there was a crisis in the town during the week as princes, chiefs, and kingmakers clashed at a meeting over a call to dethrone Oba Oloyede after he was sentenced to prison in the US.
The kingmakers led by Asalu, Chief Sunday Afolabi Adedeji opposed the call arguing that the state government was yet to obtain a Certified True Copy(CTC) or give any directives.
However, Governor Adeleke after State Executive Council meeting held on Friday night where he reviewed policies and happenings in the state, frowned at the development in Ipetumodu.
A statement by the Commissioner for Information and Public Enlightenment, Kolapo Alimi read in part: “He (Adeleke) further instructed the Commissioner for Local Government and Chieftaincy Affairs to take action on the ugly development at Ipetumodu where the King was recently jailed in the United States of America.”
Reacting to the development, an heir to the throne, Prince Olaboye Ayoola from the Aribile Ruling House commended Governor Adeleke for his directive noting that it will douse the existing tension in the town.
He said: “Since the embattled monarch was jailed, there is tension in our community, but the directive of the Governor will ease it now. The kingmakers who were opposing his dethronement will heed to the directive now.”
He urged the governor to ensure that Aribile ruling house replaces Oloyede and not move to Fagbemokun because the embattled king did not die but was jailed.
Contacted, Chief Adedeji said: “We can’t do anything outside the directive of the Commissioner, we will be waiting for his directive.”
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